3. •Investment in Education at University
•Wastage in Higher Education
• Cost effective Analysis and its Educational Implications
• Financing in Higher Education
4. Economics of Education
•Economics of Education is the application of Economics
principles, concepts, laws to the process of Education
•Study how Educational Managers make official or
approved choices from available resources
•Aims at Ensuring Efficiency in the allocation and
utilization of resources in education
5. Investment in University (Benefits)
• Investment of university is investment in the future
• Better Jobs
• Rewarding work
• Higher Income
• Understanding
• Intellectual Engagement
• Benefits of Higher Education
• Human Capital Building
• Skills Development
6. Wastage in Higher Education
• Wastage in Education occurs when students leave the
educational system prior to the termination of an
educational cycle (drop out).
• Repetition of a student in the same class or grade
• Wastage in Higher Education is considered in terms of
the amount of expenditure on education, which
remains ill spent due to non-utilization, or improper
utilization of education.
Two kinds of Wastages
First: Wastage for the course due to dropout
Second: Wastage due to the non utilization of training
7. Forms of Wastage
• Failure of the system to provide a universal education
• Failure to recruit children into the system
• Failure to hold children within the system
• Failure of the system to set appropriate objectives
• Inefficiency in the achievement of such objectives
8. • An Evaluation Tool designed to assist in choosing among
alternative courses of action or policies when resources
are limited
• In Education implications schools, districts, and higher
education institutions can improve educational
outcomes
Cost Effectiveness Analysis
9. Educational Implications
1. Teacher Training
2. Teacher Selection
3. Educational Television & Radio
4. Curriculum
5. Computer Assisted Instructions
